Clarksville weekly chronicle. (Clarksville, Tenn.) 1873-1890, 1887-02-12
OUR BOOM.

tnat nave IAN 30 long neglected Wltnln
her easy reach. The premantory symp-
tom OF this awakening was the meeting
at the Courthouse last Monday night,
for the purpose of organizing land
improvement company.
Emitting any details OF the meeting
OF which II full account appears else
where, we propose now to show some
OF the many advantages which will en-
ure TO our city from the success Of the
movement now on foot, and as Il
groundwork we give in full the propo-
stiou that forms the backbone OF the
plan. 1t is as follows:
Whereas. The undersigned with a
view OF increasing the business inter-
est vi the city of Clarksvlle and for
their own individual profit ana for
the purpose of building houses, nll-
chine shops and other manufacturing
establishments and for the purpose Of
promoting the construction OF iron
blast furnaces in said city, and with Il
view Of making GAINESVILLE manufac.
turing city.
DO nereoy contract with each other
that we will form company, the OBJ.
ject of which shall be for the purposes
aforesaid, and when subscription for
that purpose in cash and land shall be
made to the amount of $l00000 then
we will obtain ii charter under the laws
OF Tennessee setting out fully the OBJ
jects OF the company and said subscrip-
tons may be made to the amount Of
$20O,0O0 upon organization. And in
consideration of the benefit which we
believe said company will be to us and
the receipt of one dollar to each OF US
paid, we hereby bind ourselves 10 pay
"A. novel;, j. j. CruSman, C..G. Smith
and VIM. Daniel and their associates,
for the benefit of said company, here
after to be formed MS aforesaid, the
sums set opposite our names; 20 per
cent OF which shall be paid on organi-
zation and the balance in not greater
sums than 10 per cent every month I'M
til all Of said sums have been paid.
Those of us who subscribe lands bind
ourselves to execute deeds to the lands
subscribed as soon as the same shall
have been organized, or as soon there
after as practicable. When the said
company is fully organized we agree
that said Howell, Crusman, Smith and
Daniel shall transfer onr subscriptions
to said company, and said company,
shall have the same right to collect and
rero've the same as il the subscription
had been made to it after organization.
Nnen lands are subscribed, COM
mittee to be chosen by the land COM
pany and the subscribers thereto, shall
Tx the value to be placed on said lands,
and in case the committee cannot agree
with the subscriber as To the value OF
the land the latter may withdraw.
February 7th, 1887.
The booms that have been manipu-
lated and through which many of Ala
bama's old towns have developed a
sudden and almost unheard o! prosper
ity have not the substantial foundation
offered here. They acted like galvan-
ism upon a corpse producing appear
ances Of life, which will cease when the
current is cut off, leaving them in a
worse condition than before. With
GAINESVILLE the matter is entirely diff
ferent, she is already solid CONNER
cial town situated upon a navigable
river and with splendid railroad facili-
ties. Here then is competition in
freights to begin with, prime essen.
tial to the success OF any city, she IL
surrounded by line agricultural
and stock country and almost within
her suberbs are inexaustible hills of the
finest iron in the world, within sixty
miles OF us on the north lie the great
coal fields OF Southern Kentucky, con
tanning coal which experts confidently
pronounce equal to the Plttsburg for
manufacturing purposes.
We may remark here by way OF d.
erosion that we we're recently shown
an analysis OF some coke made from the
coal of the Crahtree mines and the ex.
pert pronounced 1t equal IN most and
in several respects superior to Pitts
burg coke. These mines are within 3
few miles OF the terminus OF the |. A. &
T., Railroad Coal then we have in easy
reach and the iron at our doors. The
eligibility oil Clarksvllle as a place fol
bringing the two together and manu-
featuring iron cheaply is plain to every
one. AS was observed by Capt. Gracey
her advantages for securing iron ant
coal cheaply are exceled neither b.
Birmingham nor any place.
Any investment which is successful
in bringing the two together here mus
be absolutely safe to the full amour
put in. When the amount required il
subscribed and the organization com
pleted the stock will be capitalized, anC
increased to the extent of the rompa
ny's ability and energy for carrying |
on.
Il